Tag: South Korea
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SoftBank jumps 10% as Asia tech stocks track Wall Street AI rally
Asian technology stocks rallied on Wednesday after Wall Street’s record-setting session fueled optimism around artificial intelligence and growth stocks.
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Heat kills 19 in South Korea this summer: government agency
South Korea’s record-breaking heatwave has caused over 2,200 heat-related illnesses, with temperatures reaching a national record of 42.5°C in Yangsan.
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South Korean students detained for allegedly breaking into US military base
SEOUL: A group of eight South Korean students were detained Tuesday (Aug 4) for allegedly breaking into a United States air base while shouting anti-US slogans, South Korean authorities said.US military personnel detained the four male and four female students after they allegedly entered Osan Air Base near t
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South Korean president urges stronger heatwave response after 16 deaths
Temperatures in Yangsan, a southeastern inland city, hit 42.5°C on Sunday, the highest in 122 years of weather observations.
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South Korea: 16 dead amid record heat wave
President Lee Jae Myung called on officials to take prompt action as extreme weather conditions became “normal.” Authorities extended their first-ever heat wave warning for all of Seoul on Tuesday.
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South Korea vows to soothe stock market volatility as ETF boom slows
SEOUL, Aug 4 : South Korea will take steps to curb stockmarket volatility, the finance minister said on Tuesday, amid signs of a slowdown in retail investment in single-stock leveraged exchange-traded funds (ETFs).A cap that could limit such ETFs to 20 per cent of an individual’s total investment assets was a
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South Korea’s Lee urges authorities to step up support as heatwave kills 16
Temperatures in Yangsan, a southeastern inland city, hit 42.5°C on Sunday, the highest in 122 years of weather observations.
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South Korea inflation cools, but back-to-back rate hike not ruled out
SEOUL, Aug 4 : South Korea’s consumer inflation softened to a three-month low in July, coming in below market expectations on a fall in oil prices, though policymakers remained wary of upward pressures and markets did not rule out a possible back-to-back rate hike this month.The consumer price index (CPI) ros
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South Korea inflation cools to three-month low, but risks remain
SEOUL, Aug 4 : South Korea’s consumer inflation softened to a three-month low in July, coming in below market expectations on a fall in oil prices, though policymakers remained wary of upward price pressures.The consumer price index (CPI) rose 2.8 per cent in July from a year earlier, after rising 3.2 per cen
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South Korea July inflation +2.8% y/y, weaker than expected
SEOUL, Aug 4 : South Korea’s consumer inflation weakened to a three-month low in July, coming in below market expectations on a fall in oil prices, government data showed on Tuesday. The consumer price index rose 2.8 per cent in July from a year earlier, after rising 3.2 per cent in June, according to the…
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